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Post by Badly Drawn Stickman on Apr 3, 2022 13:00:04 GMT
Am I correct in thinking that you have to manage you chase account on a mobile phone? Being a bit of a Luddite, I prefer to use my laptop for financial affairs. Yes. (And I corrected your correct in the quote for you, I am all about being nice today) Must admit I prefer at least the option of a laptop, I was a little ahead of the curve with Chase so had an account before the savings account but it is fairly seamless.
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aju
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Post by aju on Apr 3, 2022 15:28:06 GMT
Am I correct in thinking that you have to manage you chase account on a mobile phone? Being a bit of a Luddite, I prefer to use my laptop for financial affairs. I thought i was the only one, all my friends at the pub think i'm stuck in the dark ages but sadly i'm happy to be on a machine i can work with a proper keyboard. Mrs Aju tried recently to get me out of the closet and using whatsapp! but its a bit too hard to understand how it works under the hood for an oldun like me. (Did work quite well when she was in the hospital recently and only had wifi connection.)
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agent69
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Post by agent69 on Apr 3, 2022 15:36:38 GMT
Am I correct in thinking that you have to manage you chase account on a mobile phone? Being a bit of a Luddite, I prefer to use my laptop for financial affairs. I thought i was the only one, all my friends at the pub think i'm stuck in the dark ages but sadly i'm happy to be on a machine i can work with a proper keyboard. Mrs Aju tried recently to get me out of the closet and using whatsapp! but its a bit too hard to understand how it works under the hood for an oldun like me. (Did work quite well when she was in the hospital recently and only had wifi connection.) I'm happy making financial transactions on my laptop because I'm confident I have the necessary software installed to make it secure. I have no idea if my phone is secure, or what I need to do if it isn't (assuming it didn't come out the box suitably configured).
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firedog
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Post by firedog on Apr 3, 2022 18:11:14 GMT
Mrs Aju tried recently to get me out of the closet and using whatsapp! Dangerous combination.
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Post by df on Apr 3, 2022 19:03:45 GMT
I've made about 10 deposits today and each time logged in to check the arrival, no problems with the App for me, quick as normal. Transferring from Halifax was a problem. Was trying to empty my two Reward accounts (it's only 5k in each). They stopped the payment and I had to call fraud department (otherwise they will suspend my accounts in 24 hours), phone call took about 40 minutes and they couldn't resolve the problem telling me to visit a branch... Not fancy a branch visit, so I've used my Bank of Scotland profile to log in and done it all through their website. Now Halifax can lock my empty accounts if they wish. Only a few years ago I was able to bounce any sum under 20k from bank to bank without any hassle. A couple of weeks ago I was transferring £5,500 from Lloyds to Virgin, payment was stopped and I had to phone their fraud department. They explained the reason - apparently 5.5 k is a very large sum. I've asked what is the maximum sum that won't trigger the alarm - didn't get an answer for this. It was sorted at the end of 20 minute conversation and payment went through. Now the same thing with Halifax, but they couldn't sort it.... so to be on a safe side I'm now doing transactions in under £500 chunks (a bit extreme, but I have no idea what the limit is before you are referred to "fraud"). Has anyone had a similar experience with major banks or is it just me being cursed? Yes I too found that the Chase account works smoothly once you are in it. Also had problems transferring funds to it caused entirely by the sending bank. they also could not say what amount would go under the fraud radar, they said it was not a fixed amount but rather one which their AI decided was unusual. I notice that Chase do not operate the account name checking system recently introduced by the clearing banks so I suspect that is the root of the problem. I don't think the inability to match the name is the problem. I have this habit to transfer £1 first, so I did that with Halifax - set up and transferred £1, it went through, no problem. Next I attempted to transfer the remaining £4999 and that brought me to fraud radar. I suppose it was an unusual transaction - since opening the account I didn't withdraw, except £5 monthly rewards.
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Post by df on Apr 3, 2022 19:16:02 GMT
Just noticed that Zopa's 1 year is up again to 1.75% - we have funds available but its still not moved far enough as yet the next week or 2 may prove more fruitful, perhaps!. Rightly or wrongly, in current scenario I wouldn't go for 1 year bond below 2%.
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aju
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Post by aju on Apr 3, 2022 22:02:52 GMT
Just noticed that Zopa's 1 year is up again to 1.75% - we have funds available but its still not moved far enough as yet the next week or 2 may prove more fruitful, perhaps!. Rightly or wrongly, in current scenario I wouldn't go for 1 year bond below 2%. Yes i'm for waiting a while longer perhaps than 2% but it is a waiting game that may not deliver.
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agent69
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Post by agent69 on Apr 4, 2022 11:17:32 GMT
Rightly or wrongly, in current scenario I wouldn't go for 1 year bond below 2%. Yes i'm for waiting a while longer perhaps than 2% but it is a waiting game that may not deliver. Given the way interest rates are going I can't see any scenario where savings rates don't follow. Personally, I wouldn't go near any fixed rate deal at the moment, as there's a significnt chance of a better deal appearing just round the corner.
I'm fortunate not to be short of a bob or two, and come from the camp that can't be bothered to continually shift your money around to get a bit extra. If I was concerned about an extra £10 a week in interest I would just avoid going to the pub for a dayor two.
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littleoldlady
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Post by littleoldlady on Apr 4, 2022 12:13:00 GMT
Yes I too found that the Chase account works smoothly once you are in it. Also had problems transferring funds to it caused entirely by the sending bank. they also could not say what amount would go under the fraud radar, they said it was not a fixed amount but rather one which their AI decided was unusual. I notice that Chase do not operate the account name checking system recently introduced by the clearing banks so I suspect that is the root of the problem. I don't think the inability to match the name is the problem. I have this habit to transfer £1 first, so I did that with Halifax - set up and transferred £1, it went through, no problem. Next I attempted to transfer the remaining £4999 and that brought me to fraud radar. I suppose it was an unusual transaction - since opening the account I didn't withdraw, except £5 monthly rewards. Just sent funds to a different bank (Marcus) which is also not part of the name checking system and again it was flagged as suspicious so I think my theory might be right or at least it is one factor.
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eeyore
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Post by eeyore on Apr 4, 2022 13:12:41 GMT
I don't think the inability to match the name is the problem. I have this habit to transfer £1 first, so I did that with Halifax - set up and transferred £1, it went through, no problem. Next I attempted to transfer the remaining £4999 and that brought me to fraud radar. I suppose it was an unusual transaction - since opening the account I didn't withdraw, except £5 monthly rewards. Just sent funds to a different bank (Marcus) which is also not part of the name checking system and again it was flagged as suspicious so I think my theory might be right or at least it is one factor. I doubt that's a major factor - the problem of blocking a 'second payment immediately after an initial payment' has been around long before name checking (aka Confirmation of Payee (CoP)) was introduced. It's the automated systems used by banks which have been programmed to block this behaviour because it's been used by fraudsters - take a look at the MSE forum on banking for examples. My approach is now to make a test payment when setting up a new payee, then leave the 'real' payment until the following day; for payments I *really* want to get through on a particular day, I set-up the payment to pay on a future date, behaviour that's not likely to be that of a fraudster.
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aju
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Post by aju on Apr 6, 2022 16:05:19 GMT
Rightly or wrongly, in current scenario I wouldn't go for 1 year bond below 2%. Yes i'm for waiting a while longer perhaps than 2% but it is a waiting game that may not deliver. So the 1Y has moved yet again up to 1.81%, 4 days ago it was @1.75% the runners are at the start line. Place your bets as to how long it takes to make 2% ... . My guess is Tuesday gives it time to take stock of the other players.
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Post by df on Apr 6, 2022 18:02:29 GMT
Yes i'm for waiting a while longer perhaps than 2% but it is a waiting game that may not deliver. So the 1Y has moved yet again up to 1.81%, 4 days ago it was @1.75% the runners are at the start line. Place your bets as to how long it takes to make 2% ... . My guess is Tuesday gives it time to take stock of the other players. I won't place a bet, but I think it is getting there. I've no idea what time scale it could be, but if I was after bonds I would prefer to wait. Chase instant access @1.5% is the best option for me atm.
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aju
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Post by aju on Apr 6, 2022 18:28:05 GMT
So the 1Y has moved yet again up to 1.81%, 4 days ago it was @1.75% the runners are at the start line. Place your bets as to how long it takes to make 2% ... . My guess is Tuesday gives it time to take stock of the other players. I won't place a bet, but I think it is getting there. I've no idea what time scale it could be, but if I was after bonds I would prefer to wait. Chase instant access @1.5% is the best option for me atm. Oh go on it won;t cost you to have a go will it. I'm holding off for a while now it seems to be hotting up a little but am keeping a keen eye on it too so i fully understand your sentiment. What would be the best is to catch it at the higher end just as it turns back down but they may be pushing it a bit!. I'm also wondering if this might affect the NS&I rates too as we have quite a bit in those that are giving results but not as good as they might. At the moment i'd like to find a way back into P2P but i'm just not anymore.
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badersleg
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Post by badersleg on Apr 6, 2022 18:30:29 GMT
Do Chase offer any kind of refer a friend thing. If so does someone want to refer me?
Tim
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littleoldlady
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Post by littleoldlady on Apr 6, 2022 18:40:04 GMT
Do Chase offer any kind of refer a friend thing. If so does someone want to refer me?
Tim
No they don't need to at that interest rate, nor do they offer any incentive to switch banks. They have been flooded with money and could pull it at any moment.
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